Consultation opens – Discussion Paper for licensing of Insolvency Practitioners

Public consultation has begun on the discussion document for implementation of the Insolvency Practitioners Regulation Act 2019 — Proposed minimum standards and conditions for the licensing of insolvency practitioners. This runs until 13 December 2019.

This discussion paper seeks feedback on proposed minimum standards to prescribe the competence and experience that an insolvency practitioner will need to meet before that person can be licensed, the conditions that may be imposed on licences, and requirements for continuing professional development.

Once the Registrar has considered submissions, the final standards and conditions will be made by the Registrar by notice in the Gazette.

Submissions close on 13 December 2019.

Need more information?

Further information about the Act is on the Insolvency Practitioners Register website.

If you have any questions you can send an email to practitioners@companies.govt.nz - all queries will be responded to.

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